Half of RMG factories risky for non-compliance: BIDS

September 30, 2013

More than a half of about 6,300 factories in the apparel sector are risky because of non-compliance being outside the purview of international buyers that do not import directly from them, according to a study. The Bangladesh Institute of Development Studies on Sunday shared its primary findings of the report, Workplace Safety and Industrial Relations in the Read more

Muhith says he does not care about ultimatum

September 30, 2013

Rampal Project
Muhith says he does not care about ultimatum
Cabinet committee okays eight more power plants
Finance minister AMA Muhith said Sunday that he didn’t care about the ultimatum from the National Oil and Gas Committee for dropping the coal-fired power plant near the Sunderbans. ‘I don’t care,’ Muhith told reporters at his office emerging from cabinet committee meetings on economic affairs and purchase, a day after the citizens’ oil and gas committee Read more

Fresh writ petition over Rampal power plant

September 30, 2013

A fresh writ petition was filed with the High Court on Sunday seeking a stay on the government’s move to start construction of the Rampal power plant till an assessment of the environmental impact of the project is carried out. Apart from this petition, four separate writ petitions relating to the matter were pending before the High Court for disposal. Read more

BRAC Bank man robbed of Tk 1 crore in Sylhet

September 30, 2013

Miscreants robbed a BRAC Bank officer of Tk 1 crore after stopping the bank’s car he was in at Dakkhin Surma on the Sylhet–Dhaka Highway, some 5km off the city centre, on Sunday afternoon. Bank officials said that Gawhar Altaf Chowdury, assistant manager of the
bank’s branch at Bishwanath was carrying Read more

One killed, 27 injured in bus plunge

September 30, 2013

At least one person was killed and 27 others were injured last night as a Dhaka-bound bus skidded off a bridge and plunged into the Titas River after hitting a tractor at Bijoynagar in the district.
The bus was carrying some 45 passengers.
Divers of Fire Service and Civil Defence said Read more

Mitford medicine shops kept shut

September 30, 2013

Protest Against Drive
Mitford medicine shops kept shut
Traders of the country’s largest wholesale medicine market in the capital’s Mitford yesterday kept their shops shut, protesting Saturday’s drive against the sale of illegal and unauthorised medicine. A mobile court jointly raided the market with the help of Rapid Action Battalion-10, the Directorate General of Drug Administration (DGDA), and Bangladesh Read more

Govt files appeal against HC order on Contempt of Court Act

September 30, 2013

The government on Sunday filed an appeal with the Supreme Court against the High Court order that declared the Contempt of Court Act-2013 illegal and unconstitutional.
The attorney general office filed the appeal to a relevant wing of the Supreme Court on behalf of the five secretaries including the Cabinet Read more

Of change-makers

September 30, 2013

Positive Bangladesh
Of change-makers
Keshab Roy, a Nilphamari boy. He is just 18 but he has already made himself internationally known by winning a UN award. For what he has been doing can change things for the better, and, who knows, for good perhaps. For in a country known for its rich and vibrant culture, there are certain deep-rooted social ills that hold it back from achieving the progress Read more

8 new power plants given green light

September 30, 2013

Projects include 5 coal-fired plants, total capacity 2,706 MW
The cabinet committee on purchase yesterday approved eight power plants — to be built, owned and operated (BOO) by local private companies — in a bid to tackle the country’s growing energy crisis The committee at a meeting chaired by Finance Minister AMA Muhith also okayed the second phase of techno-feasibility study of Rooppur Nuclear Power Plant. The Read more

30 injured in RMG unrest at Sreepur

September 30, 2013

At least 30 garments worker were injured as they clashed with police at Natun Bazar of Sreepur blocking Dhaka-Mymensingh highway on Sunday.
Police fired nine gun shots and 20 tear shells to disperse the workers from the highway.
The workers also vandalised machine, Read more

Revised EU GSP scheme may help B’desh in export race: study

September 30, 2013

The revised GSP scheme of the European Union which will come into force on January 1, 2014 may create a favourable competitive environment for Bangladeshi exports to the region due to reduction of the number of beneficiary countries and product coverage, a government study revealed. ‘The revised generalised system of preferences scheme may not be a cause Read more

Most banks’ share prices below NAV

September 30, 2013

Share prices of the majority of listed banks have declined to below their net asset value per share because of the banks’ poor earnings last year and prospect of low return on investment in the scrips, experts said. They said banks were performing poorly as the financial entities reported low earnings in their half-yearly statements also. Out of the 30 banks listed Read more

NBR likely to extend returns submission time to Oct 31

September 30, 2013

The National Board of Revenue is likely to extend the deadline for submission of income tax returns by individual taxpayers by one month to October 31, NBR officials said.
The current deadline expires today.
‘The revenue board is thinking to give Read more

7 independent directors of bourse interim board to continue for 3yrs

September 30, 2013

BSEC to issue demutualsiation directive today
Seven independent directors to be appointed in the interim boards of the demutualised bourses in November will hold their posts for the next three years, a BSEC official said.
He said four member-brokers in the interim boards would retire in February next year after holding elections for the four directorship posts Read more

GP launches 3G network at Bashundhara

September 30, 2013

Country’s leading mobile phone operator Grameenphone on Sunday launched its 3G network in Bashundhara area of the city. Post and Telecommunication minister Shahara Khatun launched the 3G service at a ceremony at GP headquarters at Bashundhara.
Shahara later attended a video call of GP’s chief Read more

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